Around 1,000 Ex-Flipkart Staff Seek Stock Option Liquidity from Walmart

Approximately 1,000 former employees of Flipkart and its group firms, including Myntra and Cleartrip, have reportedly approached Walmart and Flipkart. The former staff are seeking liquidity for their vested stock options.

This move comes amid ongoing uncertainty regarding the timeline for Flipkart's initial public offering (IPO). The employees' outreach aims to address the lack of an immediate mechanism to convert their stock options into cash.

What to watch: Updates on Flipkart's IPO plans and any response from Walmart or Flipkart regarding the employees' request.

Editor's note: The draft is a concise, accurate, and professional summary of the provided information.